Wal-Mart, Michaels Stores and Kerzner International climbed higher as the broader market stalled ahead of the new Fed Chairman's speech. Mills fell on analyst downgrades.

The stock soared 13% after the crafts specialty retailer said it is considering putting itself up for sale, among other options. Michaels also announced the retirement of long-time Chief Executive Michael Rouleau. BB&T Capital Markets analyst Laura Richardson called the news a "surprise" and wrote that "Michaels and the craft industry offer some high-quality long-term investments at reasonable valuations." She also notes that Rouleau may have left one year before his contract...